SVB Leerink Equities Analysts Cut Earnings Estimates for Talkspace, Inc. (OTCMKTS:TALK)

Talkspace, Inc. (OTCMKTS:TALKGet Rating) – Stock analysts at SVB Leerink dropped their Q2 2022 EPS estimates for shares of Talkspace in a note issued to investors on Tuesday, May 3rd. SVB Leerink analyst S. Davis now expects that the company will post earnings of ($0.14) per share for the quarter, down from their previous estimate of ($0.13). SVB Leerink also issued estimates for Talkspace’s Q3 2022 earnings at ($0.15) EPS, Q4 2022 earnings at ($0.15) EPS, FY2022 earnings at ($0.57) EPS, Q2 2023 earnings at ($0.15) EPS, Q3 2023 earnings at ($0.15) EPS and FY2023 earnings at ($0.59) EPS.

Talkspace (OTCMKTS:TALKGet Rating) last released its quarterly earnings data on Tuesday, February 22nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Talkspace had a negative net margin of 60.31% and a negative return on equity of 47.62%. The firm had revenue of $29.17 million during the quarter, compared to analysts’ expectations of $27.90 million.

A number of other equities analysts have also recently issued reports on the stock. Citigroup decreased their price objective on shares of Talkspace from $2.25 to $1.70 in a research report on Thursday, March 17th. Zacks Investment Research raised shares of Talkspace from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research note on Wednesday, April 27th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.27.

TALK stock opened at $1.30 on Friday. The firm’s 50-day moving average price is $1.55 and its two-hundred day moving average price is $1.97. Talkspace has a 12-month low of $1.23 and a 12-month high of $10.01.

A number of large investors have recently bought and sold shares of TALK. JPMorgan Chase & Co. lifted its stake in shares of Talkspace by 172.0% in the fourth quarter. JPMorgan Chase & Co. now owns 13,600 shares of the company’s stock worth $27,000 after buying an additional 8,600 shares in the last quarter. Sciencast Management LP purchased a new stake in Talkspace during the first quarter valued at approximately $30,000. Principal Financial Group Inc. purchased a new stake in Talkspace during the fourth quarter valued at approximately $36,000. Victory Capital Management Inc. purchased a new stake in Talkspace during the third quarter valued at approximately $68,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Talkspace during the fourth quarter valued at approximately $71,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

In related news, CTO Gil Margolin sold 500,000 shares of the business’s stock in a transaction dated Tuesday, March 8th. The shares were sold at an average price of $1.50, for a total transaction of $750,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

About Talkspace (Get Rating)

Talkspace, Inc operates as a virtual behavior healthcare company. It delivers healthcare through encrypted web and mobile platform. The company offers treatment options for every need, including psychiatry or adolescent, individual, or couples therapy. The members can send text, video, and voice messages to their therapists and engage in live video sessions.

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Earnings History and Estimates for Talkspace (OTCMKTS:TALK)

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